- NZD/USD up 0.44% on the day, trades around 0.7294 at the time of writing.
- The major is extending upside for 3rd consecutive session after bouncing off 55-EMA.
- Upside remains capped at 20-DMA at 0.7307, break above could see further upside.
- The pair has retraced above 5-DMA which is currently immediate support at 0.7253.
- Technical studies are turning slightly bullish. RSI and Stochs have turned north. We see +ve DMI crossover.
- Rejection at 20-DMA will see test of strong support at 0.7186 (converged 38.2% Fib and 55-EMA). Violation at 0.7186 will see further weakness.
Support levels - 0.7253 (5-DMA), 0.7186 (converged 55-EMA & 38.2% Fib retrace of 0.6780 to 0.7435 rally), 0.7151 (200-DMA)
Resistance levels - 0.7307 (20-DMA), 0.7350 (Feb 6 high), 0.74
Recommendation: Good to go long on break above 20-DMA, SL: 0.7250, TP: 0.7350/ 0.74/ 0.7435.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



